CE Rental Firm Receives $3 Mn Financing from Prestige

A Georgia-based provider of drilling equipment and foundation tools for the construction industry has secured a $3 million financing facility from Prestige Capital. The company, which offers new, used and rental equipment, was referred by a New Jersey-based consulting firm. The funding was used to improve working capital and recapitalise existing equipment loans.

“Our financing solutions can be designed to help construction companies optimise their cash flow and invest in the equipment they need to stay competitive,” Stuart Rosenthal, president at Prestige Capital, said. “We’re proud to support this client’s continued growth and operational efficiency.”

The infusion of capital was designed to enable the company to manage seasonal demand, upgrade its rental fleet and restructure debt.

Related Stories

BKT Unveils Immersive Tyre Installation at Mumbai Airport

Balkrishna Industries (BKT), a global off-highway tyre leader with a growing presence in India's on-highway tyre market, has unveiled a distincti...

Read More

Faresin Appoints Haulotte as Australia Telehandler Distributor

Faresin Industries has appointed Haulotte Australia as the exclusive distributor of its telehandlers for the construction and equipment rental se...

Read More

Tata Hitachi Inaugurates Regional Sales Office in Jaipur

Tata Hitachi has inaugurated its new Regional Sales Office in Jaipur, marking a step towards strengthening its presence and customer engagement i...

Read More

Reach out to us

Call Abin Antony
+91 8424 045 185 /
91-22-31033000

Schedule a Call Back